Canadian Imperial Bank of Commerce (CM) News

Canadian Imperial Bank of Commerce (CM)

Today's Latest Price: $72.85 USD

2.01 (2.84%)

Updated Jun 5 6:30pm

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Latest CM News From Around the Web

Below are the latest news stories about Canadian Imperial Bank Of Commerce that investors may wish to consider to help them evaluate CM as an investment opportunity.

CIBC contributes $700,000 to local organizations supporting Black communities

CIBC today announced that it is contributing $700,000 to local not-for-profits across Canada and the United States in support of efforts to empower Black youth, individuals and families in building strong communities.

Yahoo | June 4, 2020

CIBC Innovation Banking Provides Vbrick Systems Inc. with a US$6 Million Growth Financing

CIBC Innovation Banking is pleased to announce a US$6 million revolving credit facility for Virginia-based Vbrick Systems Inc. ("Vbrick"), an industry-leading provider of video platform solutions. With operations in North America, Europe and Australia, the credit facility will be used to accelerate its rapid growth trajectory with investments in new customer acquisition and product innovation.

Yahoo | June 4, 2020

Valens Secures CA$40M Via Credit Facility, Builds Australia Enterprise

Canadian CBD company Valens GroWorks Corp. (TSX: VLNS) (OTCQX: VLNCF ) confirmed Monday it has secured up to CA$40 million (US$29 million) in financing via syndicated credit facility. The agreement between the Kelowna, British Columbia-based company, Canadian Imperial Bank of Commerce and ATB Financial will last three years. The credit facility includes CA$20 million of secured term loan and CA$20 million of secured revolving loan. Under the deal, Valens is granted up to an additional CA$10 million if it decides to raise aggregate commitments. "With our enhanced balance sheet, we are well positioned to continue to expand our innovative product portfolio, build out our custom manufacturing platform, be opportunistic in a consolidating market and maximize capital allocation to generate … ...

Benzinga Feeds | June 1, 2020

The Valens Company Enters into $40 Million Debt Facility

KELOWNA, BC , June 1, 2020 /CNW/ - Valens GroWorks Corp . (TSX: VLNS ) (OTCQX: VLNCF ) ( the "Company" or "The Valens Company"), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, today announced it has entered into a syndicated credit facility (the "Credit Facility") with Canadian Imperial Bank of Commerce ("CIBC") as Co-Lead Arranger and Administrative Agent, and ATB Financial ("ATB") as Co-Lead Arranger (together, the "Lenders"). Under the terms of the credit facility, the Lenders will provide The Valens Company up to C$40 million of secured debt financing. The Credit Facility consists of a C$20 million secured term loan and a C$20 million secured revolving loan, with an accordion feature that could allow The Valens Company to i...

Benzinga Feeds | June 1, 2020

GRAPHIC-Canadian banks' tenfold jump in energy provisions to cap future pain, investors say

Canadian banks' exposure to the beleaguered energy industry contributed to plunging profits in the second quarter, but investors said that as oil prices recover, the tenfold boost in loan-loss provisions lenders made from a year earlier may be enough to absorb any losses. Meanwhile, money set aside to cover energy loan losses rose to C$450 million ($330.37 million) at Canada's four biggest banks, from C$46 million a year earlier, according to Reuters calculations.

Yahoo | June 1, 2020

Canadian Imperial (CM) Q2 Earnings Fall, Stock Down 3.7%

Canadian Imperial's (CM) second-quarter fiscal 2020 results indicate rise in provisions, expenses and lower non-interest income, partly offset by improved net interest income.

Yahoo | June 1, 2020

Are Your CPP Pension Payments Safe After This Market Crash?

According to the Chief Actuary of Canada, the CPP is safe and sustainable for the next 75 years. If you need to add more to your pension, create a separate income through the Canadian Imperial Bank of Commerce stock. The post Are Your CPP Pension Payments Safe After This Market Crash? appeared first on The Motley Fool Canada .

The Motley Fool Canada | May 30, 2020

Is 6.5%-Yielding Canadian Imperial Bank of Commerce (TSX:CM) Stock a Buy?

CIBC stock falls as soaring provisions for credit losses hit the bottom line with steep earnings declines. The post Is 6.5%-Yielding Canadian Imperial Bank of Commerce (TSX:CM) Stock a Buy? appeared first on The Motley Fool Canada .

The Motley Fool Canada | May 29, 2020

SAFE Trust -- Moody's Canadian ABCP activity for the week ended May 29, 2020

Moody's has reviewed the following ABCP program in conjunction with the proposed addition. At this time the addition, in and of itself, will not result in any rating impact on the respective program's ABCP. Moody's does not believe it will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.

Yahoo | May 29, 2020

CIBC profit falls 70% as bank sets aside 5 times more money to cover bad loans

Canadian Imperial Bank of Commerce (CIBC) reported a 70 per cent slump in quarterly profit on Thursday, as it set aside more money to cover potential loan-losses from the coronavirus pandemic.

CBC News | May 28, 2020

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